On 15/06/2006, Thursday and at 18:00 p.m., the Ordinary General Shareholders' Meeting of "GR. SARANTIS S.A." took place at the company's registered offices. During the General Meeting, 38 shareholders representing 55% (21.158.931 out of 38.146.940 shares) of the company's shares with voting right were present, and thus the company had the required by the law quorum and majority to make decisions on all the daily agenda issues, apart from the 5th issue (issuance of bond loan and provision of relevant authorizations to the company's BoD) and the 6th issue (amendment of regulation for share distribution to the company's staff). Therefore, the discussion and decision making on the aforementioned issues was postponed and will take place during a repeated general meeting. Specifically, the above Meeting:
1. Approved the Annual Company and Consolidated Financial Statements for the fiscal year 01/01/2005 - 31/12/2005, including the relevant notes, as well as the Management (Board of Directors - BoD) Report and Auditors Reports, as such were published in the Press on 28/02/2006 and are included in the Annual Report 2005 issued by the Company.
2. Approved the appropriation table, according to which a dividend of euro 0.13 per share will be distributed to the beneficiary shareholders. Such beneficiary shareholders are those included in the Company's shareholder registry as at the end of the Athens Exchange session on 20/06/2006. From 21/06/2006 the shares will be traded on the Athens Exchange without a right to dividend, while the dividend payment will commence on 28/06/2006.
3. Recognized that the Board of Directors and the Certified Auditors have no responsibility, regarding any kind of compensation, for their actions during the financial year 01/01/2005 - 31/12/2005.
4. Elected the Auditing Firm BAKER TILLY HELLAS SA, for the audit of financial statements for the current year (01/01/2006 - 31/12/2006) and also approved the auditing company's fee.
5. Approved the extension of employment contracts as well as the remuneration of the Company's Managing Director and Board of Directors' Members, for the financial year 2005.
6. Pre-approved the remuneration of the Company's Managing Director and Board of Directors' Members for the current year 2006 and until 30/06/2007.
7. The Meeting unanimously approved the election of Messieurs Pantazis, Gr. Sarantis and Aikaterini P. Saranti, as non-executive members of the BoD, in substitution of the resigned Messieurs Nikolaos Kefalas and Ioannis Vekris.